Resources

What Does “Proof of Work” Mean?

What Does “Proof of Work” Mean?

You likely remember high school math and being told to “show our work.” It was not just that you had to get the right answer. You had to show the teacher that you understood the process. Who knew that, years later, you would be asked the same question about mining […]

What Does “Trustless” Mean?

What Does “Trustless” Mean?

You might not often think about the system that underlies how you spend money. If you do think about it, in every transaction, there is a middleman you trust. You swipe a card, and the card processor handles the transaction, protecting both you and the merchant against fraud. You write […]

Why a Call for Clarity Is in Order in the Crypto Space

Why a Call for Clarity Is in Order in the Crypto Space

The amount of news coming out of the bitcoin space has calmed down a bit since the recent price correction, but there were still two vitally important stories you have to know about from this week. First, the conversation around the negative effects altcoins made through bitcoin hard forks can […]

What Is a Bitcoin Mining Pool?

What Is a Bitcoin Mining Pool?

Imagine, for a moment, you have been hired to destroy a shed and haul off the debris. You could strike out on your own with a sledgehammer and a crowbar, drag all that wood into the back of a truck, and drive it to the dump. Wouldn’t it be more […]

What Is a Dapp?

What Is a Dapp?

In altcoin jargon, you may have heard or read about a “Dapp.” Short for “decentralized app,” it sounds more intimidating than it actually is. Decentralized apps are open-source, autonomous apps that live on blockchains. To understand decentralized apps, let’s start with the example of a “centralized” app. You’re using one, […]

What Is a Bitcoin Node and What Purpose Does It Serve?

What Is a Bitcoin Node and What Purpose Does It Serve?

A bitcoin node maintains the blockchain and helps ensure transactions are swift and coins are mined. To understand a bitcoin node, think of the difference between a car radio and a citizen’s band radio. With a car radio, you can only receive signals, hearing about accidents and traffic reports before […]

What Is a Multisignature (Multisig) Address?

What Is a Multisignature (Multisig) Address?

Multisignature addresses are basically permission slips to make digital currency transactions and they help protect against fraud. To understand multisignature addresses, the best analogy is the signatures needed for a business check. You know how, if a business plans to write a check for a large amount of money, the […]

What’s the Average Salary at Coinbase?

What’s the Average Salary at Coinbase?

The creation of digital currencies has led to a number of business opportunities cropping up in the job market, many of which were unheard of less than a decade ago. There are also a substantial number of new startups dedicated to the cryptocurrency space that have emerged in the last […]

Why is the Bitcoin Price Declining Amidst Bullish News?

Why is the Bitcoin Price Declining Amidst Bullish News?

A lot of bullish news came out for bitcoin this week, but you wouldn’t know it by looking at the price. Although the past month has felt difficult for holders, the reality is we’re only down to where the price was around Thanksgiving. Judging by the meteoric rise in the […]